By Shadia Nasralla LONDON (Reuters) – BP may be forced to cut or even scrap its share buyback programmes over the next year unless oil prices recover, analysts say, adding that would increase pressure on its already underperforming shares. Oil majors and other resource companies have made increased use of share buybacks and dividends to …
BP share buyback outlook at risk from oil price slump, analysts say Read More »
By Alessandro Parodi and Riham Alkousaa (Reuters) -German companies buying new cars do not have enough incentives to choose electric vehicles over heavy petrol SUVs, research and campaign group Transport & Environment (T&E) said on Wednesday. Germany last month reported a 38.9% jump in EV sales, but T&E says this had more to do with …
Germany must do more to persuade companies to buy EVs, campaign group says Read More »
SHANGHAI (Reuters) – Chinese automaker Zeekr debuted its first hybrid model the Zeekr 9X luxury SUV at the Shanghai auto show on Wednesday. Andy An, the company’s CEO, unveiled 900-volt fast-charging technology for hybrid vehicles. (Reporting by Zhang Yan and Brenda Goh; Editing by Christian Schmollinger)
By Mathias de Rozario (Reuters) -OPmobility plans cost reduction measures to deal with the impact of U.S. tariffs, the French car supplier’s CEO Laurent Favre said in a call with journalists on Tuesday. The company, which supplies the three leading U.S. carmakers, General Motors, Stellantis and Ford, said it is trying to anticipate a potential …
OPmobility implements its plan to deal with US tariffs Read More »
By John Revill ZURICH (Reuters) -The Swiss franc’s rapid appreciation on U.S. policy uncertainty could force the Swiss National Bank to intervene soon, as Swiss industry hopes the safe haven currency’s surge can be tamed before it deals another blow to a tariff-threatened sector. The franc has surged roughly 9% against the dollar so far …
Analysis-Swiss franc’s surge on tariff turmoil pressures SNB to act Read More »
By Dave Graham ZURICH (Reuters) -Top Swiss officials will this week test whether big commitments to the U.S. can help secure relief from import tariffs, after pharma giant Roche followed its cross-town rival Novartis in announcing major investments in the United States. Roche on Tuesday said it would invest $50 billion in the United States …
Switzerland flexes financial muscle ahead of tariff date in Washington Read More »
BERLIN (Reuters) – Swiss solar panel maker Meyer Burger will cut hours for some 300 employees at its plant in Germany starting on May 1 due to temporary material bottlenecks, it said on Wednesday. Short-time work measures for employees working in its full-time operation producing high-performance solar cells were being introduced to save costs in …
Swiss solar panel maker Meyer Burger cuts workers’ hours at German site Read More »
(Reuters) – Delivery Hero’s Asia-based business foodpanda is to stop operating its platform in Thailand on May 23, the German food delivery firm said on Wednesday. “Delivery Hero will continue concentrating efforts in other parts of APAC where the Group sees greater return,” the firm added. The company’s regional team, which is based in Thailand, …
A look at the day ahead in European and global markets from Kevin Buckland Listening to President Trump on Tuesday, it’s as if all the vitriol towards Fed boss Jay Powell – the threats, the name calling – was some crazy misunderstanding. Trump now says he had “no intention of firing him” and was just …
Morning Bid: Trump’s Fed backflip sets off relief rally Read More »
SHANGHAI (Reuters) -Porsche will release a new infotainment solution exclusive to China in 2026, CEO Oliver Blume said at the Shanghai auto show on Wednesday. The luxury automaker also launched a new version of its 911 model, the Porsche 911 GT3, at the show. (Reporting by Victoria Waldersee; Writing by Brenda Goh; Editing by Jamie …
Porsche will release new infotainment solution exclusive to China in 2026, CEO says Read More »
